Growing Your Business
Measuring What Matters: 6 Business Metrics Every Company Should Track
There are hundreds of different metrics you can use to see if your company hits your business goals. However, there is no use measuring all of those. Do not randomly select a number of metrics just for the sake of having them. Remember that whatever measures or KPIs (key performance indicators) you put in place…
Read MoreHow to Improve Productivity in Warehouse Operations
Have you analyzed your warehouse operations recently? Inefficient picking processes, poor use of space, and inventory visibility issues can be costly. But, your organization can improve efficiency and productivity by implementing these tips below. Warehouses are about moving inventory, not storing inventory. The speed of processing shipments has never been more important: Customers want products…
Read MoreYear-End Evaluation Tips
While traditional accounting gives us useful ways to evaluate a company’s performance, the numbers don’t always show the whole picture. As a business owner, it’s important to evaluate the successes and failures of your company in other ways apart from numerical values. This can be as simple as answering two questions: How well did your…
Read MoreHow to Effectively Build Brand Loyalty
As 2018 approaches, is your business confident that your customers will stay loyal through the new year? Take a second to think; once you gain a new customer, what is your company doing to ensure you retain them overtime? What is stopping your customers from listening to competitors trying to convince them that they can…
Read MoreHow Well is Your Company Managing Risks?
A U.S. investigation commission attributed the BP Oil disaster to management failures that crippled “the ability of individuals involved to identify the risks they faced and to properly evaluate, communicate, and address them.” Does your company fail to identify and address risks? Types of common risks your company may face: Equipment malfunction, breakdown, or theft…
Read MoreAre You Auditing Your Suppliers?
Outsourcing business can be a terrific way to grow your company and save money in the process. But, if you are not auditing your suppliers, how can you be sure they are meeting your standards and accurately complying to your contract? The lack of a supplier audit, could put your company at risk. Why audit…
Read MoreIs Your Company Prepared for a Crisis?
Is your company prepared for a crisis that can affect companies of all sizes? Your response to a crisis can make or break your company and it’s vital to have an appropriate strategy in place. Your company cannot plan for every possible situation but having strategies in place reduces the panic and stress that follows…
Read MoreTop Issues That Affect Company Productivity
Every company can improve their productivity in small ways. Evaluating your current flow of production is important as well as finding solutions to mitigate issues that prevents your company from reaching its full potential. It is essential to look at your company’s overall performance and evaluate individual employees as well. Company Productivity Processes should…
Read MoreIs Scope Creep Killing Your Projects?
When customers request additional work or changes to a project or job that wasn’t originally stated in the scope, this puts a project manager in an invidious position. A project may creep beyond the anticipated work scope, whether from the customer or employees doing extra work than originally quoted. To better understand Scope Creep, here…
Read More8 Ways to Improve Your Business Procedures
Improving policies and procedures can increase operational efficiency and benefit everyone in your organization, from upper management to individual employees. Procedures are often more form than function. Words on a page don’t necessarily make things happen as intended, so it’s important to actively work towards improving your company procedures. Below are eight ways to improve your…
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